Homebuyers asked an Illinois federal judge to block an allegedly inadequate settlement attorneys in a related antitrust case reached with one of the real estate firms they're suing, saying allowing their claims to be released on the cheap would encourage "forum and judge shopping in class action litigation."
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SATURDAY, FEBRUARY 28, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Homebuyers Aim To Block 'Egregious' Deal In Related Case

By Celeste Bott

Homebuyers asked an Illinois federal judge to block an allegedly inadequate settlement attorneys in a related antitrust case reached with one of the real estate firms they're suing, saying allowing their claims to be released on the cheap would encourage "forum and judge shopping in class action litigation."

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Judge Seems Poised To Keep Block On Trump Voting Order

By Julie Manganis

A Massachusetts federal judge Thursday appeared to hold fast to her two prior rulings that President Donald Trump lacks authority to change voting laws via an executive order requiring physical documentation of citizenship and voiding mailed ballots that arrive after Election Day.

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Walmart Will Pay Up To $100M To End FTC's Driver Pay Suit

By Matthew Santoni

The Federal Trade Commission and 11 states have reached a $100 million deal with Walmart to settle claims the company misled its "Spark" delivery program drivers over the amount they would be paid, and deceived customers over how much of the tips they paid would go to their drivers, the agency announced Thursday.

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Arete Wealth, GC Can't Slip SEC Claims In Offering Fraud Suit

By Katryna Perera

The U.S. Securities and Exchange Commission can move forward with its case against a broker-dealer and its former general counsel and chief compliance officer over an allegedly fraudulent stock offering by a "sham" energy company that Arete representatives sold, an Illinois federal judge ruled Thursday, while dismissing some claims related to off-channel communications and settlement releases, among other things.

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POLICY & REGULATION

Brief

Senate Judiciary Advances Illinois US Atty

By Nadia Dreid

The Senate Judiciary Committee advanced the nomination of Gregory Gilmore to be U.S. attorney for the Central District of Illinois in a quick vote that passed without comment.

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ENFORCEMENT

SEC Fines Ill. Adviser Over COVID-Era Loan Valuations

By Sydney Price

The U.S. Securities and Exchange Commission announced that formerly registered investment firm Madison Capital Funding LLC will pay $900,000 to settle claims that it did not properly gauge the effects of market disruptions related to the COVID-19 pandemic when selling certain loans.

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LITIGATION

PepsiCo Loses Another Frito-Lay Tax Deficiency Fight In Ill.

By Lauraann Wood

An Illinois state panel affirmed a trial court's finding that PepsiCo improperly excluded Frito-Lay profits from state income tax calculations by factoring expatriates' foreign payroll into its considerations, handing the company its second appellate loss on the issue.

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Justices Told 'Skinny Label' Case Puts Generic Drugs At Risk

By Ryan Davis

The U.S. government, one named sponsor of the Hatch-Waxman Act, a generic-drug industry group and more have warned the U.S. Supreme Court that a decision that allowed a patent case involving a so-called skinny label to proceed threatens the availability of low-cost generic drugs.

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EXPERT ANALYSIS

What New Packaging Waste Laws Mean For Franchisors

With states ramping up laws establishing extended producer responsibility programs for packaging materials, paper products and single-use food service ware, restaurant and hospitality franchisors face special compliance challenges as they navigate a delicate balance between conflicting priorities, say attorneys at Baker McKenzie.

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Series

Playing Piano Makes Me A Better Lawyer

Playing piano and practicing law share many parallels relating to managing complexity: Just as hearing an entire musical passage in my head allows me to reliably deliver the message, thinking about the audience's impression helps me create a legal narrative that keeps the reader engaged, says Michael Shepherd at Fish & Richardson.

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LEGAL INDUSTRY

Hub Hires: Seyfarth, Greenberg Traurig, Outside GC

By Chris Villani

Massachusetts may be buried under a blanket of snow, but the Boston legal market was anything but frozen in February. Seyfarth bolstered its depth in mergers and acquisitions, Greenberg Traurig snagged a benefits attorney, and Outside General Counsel hired a new managing partner.

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Elevate Expands Legal Reach With Mestel & Co. Acquisition

By Tracey Read

Legal software and services company Elevate has acquired legal recruitment firm Mestel & Co. to bolster its abilities to deliver top legal talent, Elevate said Thursday.

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Up Next At High Court: Drug User Gun Possession

By Katie Buehler

The U.S. Supreme Court will close out its February oral argument session by hearing its newest Second Amendment case over a federal law that prohibits drug users from possessing firearms, as well as a dispute over whether motor carrier brokers can be held liable for truck crashes under state law.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

This past week in London has seen Linklaters sue a shipping company, high-street clothing giant Urban Outfitters hit with an intellectual property claim, Ithaca Energy sue rival Chrysaor, and cabaret club magnate Alex Proud face legal action with his nightclubs in financial turmoil.

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Del. Supreme Court OKs Disputed Corporate Law Rework

By Jeff Montgomery

Delaware's Supreme Court upheld Friday hotly contested legislation approved by state lawmakers in 2025 that expanded liability shields for some corporate acts involving controlling stockholders or potentially conflicted officers or directors, and narrowed public access to some corporate books and records.

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Law360's Legal Lions Of The Week

By Kevin Penton

Milbank LLP, Wilson Sonsini Goodrich & Rosati PC and Akin Gump Strauss Hauer & Feld LLP lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court struck down tariffs imposed under the International Emergency Economic Powers Act.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

A proxy season preview report showed that nearly three-quarters of shareholder proposals for annual corporate meetings among Russell 3000 companies this year have gone to a vote. The U.S. Department of Labor unveiled the details of a long-awaited proposed rule to replace a previous administration's regulation outlining how to decide if a worker is an employee or independent contractor. These are among the stories in corporate legal news you may have missed in the past week.

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Calif. Mass Tort Firm Drops Suit Against ABS Fee-Sharing Ban

By James Mills

A California mass torts firm seeking to overturn the state's law banning alternative business structure fee sharing with out-of-state law firms owned by nonattorneys dropped its suit Thursday, three months after filing it.

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Pro Bono Spotlight

NY Prisoner Gets Rare $600K Deal With Gibson Dunn's Help

By Parker Quinlan

A man incarcerated in a New York state prison who was placed in solitary confinement for over six years has obtained a $600,000 settlement after filing a pro se lawsuit that drew the aid of pro bono counsel from Gibson Dunn & Crutcher LLP.

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Optimum Says Apollo, BlackRock Bullied Kirkland Withdrawal

By Bryan Koenig

Optimum Communications is escalating its fight accusing Apollo, Ares, BlackRock and other financial giants of an illegal joint campaign constricting its ability to refinance debt, amending its New York federal court complaint to also accuse the companies of "bullying" Kirkland & Ellis LLP into withdrawing as its transaction counsel.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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Promo that reads 2025 Practice Groups of the Year

LAW FIRMS IN TODAY'S NEWS

Akin Gump

Arnold & Porter

Baker McKenzie

Ballard Spahr

Beck Redden

Bernstein Litowitz

Bishop & Sewell

Boies Schiller

BonelliErede

CMS Cameron McKenna

Clement & Murphy

Clyde & Co

Covington & Burling

DAC Beachcroft

Druces LLP

Epstein Becker

Eversheds Sutherland

Fenchurch Law

Fieldfisher

Fish & Richardson

Fladgate LLP

Freed Kanner

Gibson Dunn

Goodwin Procter

Gowling WLG

Greenberg Traurig

Gupta Wessler

HSF Kramer

Hill Dickinson

Holland & Knight

Horwich Farrelly

Husch Blackwell

Ignition Law

Ison Harrison Solicitors

Jones Day

Katten & Temple

Kellogg Hansen

Keystone Law

Kirkland & Ellis

Kopecky Schumacher

Korein Tillery

Labaton Keller

Latham & Watkins

Leach & Walker

Lewis Silkin

Linklaters LLP

Lowey Dannenberg

Mayer Brown

McDermott Will & Schulte

McGuire Law PC

Meritz Reddy

Meyer Law Office

Milbank LLP

Morgan Lewis

Morris Nichols

Nabarro LLP

Olshan Frome

Outten & Golden

Penningtons Manches

Perkins Coie

Phelps Dunbar

Pierson Ferdinand LLP

Pinsent Masons

Potter Anderson

Quinn Emanuel

Reynolds Porter

Richards Layton

Ropes & Gray

Saul Ewing

Seyfarth Shaw

Shakespeare Martineau

Sher Tremonte

Simons Muirhead Burton

Sullivan & Cromwell

Susman Godfrey

Taylor Wessing

Travers Smith

Trethowans LLP

Troutman

Upadhye Tang

Vorys

Wachtell Lipton

White & Case

Williams & Connolly

Wilson Sonsini

Winckworth Sherwood

Winston & Strawn

Wisner Baum

Young Conaway

Zuckerman Spaeder

gunnercooke LLP

COMPANIES IN TODAY'S NEWS

A.P. Moller-Maersk

Alcon Inc.

Alcon Vision LLC

Altice SA

Altice USA

American International Group Inc.

Anywhere Real Estate Inc.

Arcellx Inc.

Ares Management Corp.

Arete Wealth Advisors

Association for Accessible Medicines

Aviva SA

Barclays PLC

BlackRock Inc.

Block Inc.

C.H. Robinson Worldwide Inc.

Capita Group

Charles River Laboratories International Inc.

Colorcon Inc.

Deere & Co.

Elevate

Exxon Mobil Corp.

Financial Industry Regulatory Authority Inc.

Foundation to Support Animal Protection

Fresenius Kabi AG

Frito-Lay Inc.

Gilead Sciences Inc.

GoldenTree Asset Management LP

Google LLC

Hikma Pharmaceuticals PLC

Instagram Inc.

Investments Ltd.

JPMorgan Chase & Co.

Keller Williams Realty Inc.

LinkedIn Corp.

London Stock Exchange Group PLC

Loomis Sayles & Co. LP

Madison Capital Funding

Magnit

Mediterranean Shipping Co. SA

Mestel & Co. Inc.

Munchkin Inc.

National Association of Realtors

Nike Inc.

Nordic Capital Ltd.

Oaktree Capital Management

Omega Navigation Enterprises Inc.

Optimum

PGIM Inc.

PacifiCorp

PepsiCo Inc.

Public Citizen Inc.

RLK Solicitors Ltd.

Rainy City Investments Ltd.

Solicitors Regulation Authority Ltd.

State Bar of California

Suncor Energy Inc.

Takeda Pharmaceutical Co. Ltd.

Tesco Corp.

Tesco PLC

The Hain Celestial Group Inc.

The O2

The University of Alabama System

The Vanguard Group Inc.

USG Corp.

Urban Outfitters Inc.

WESCO International Inc.

Walmart Inc.

YouTube Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Arizona Supreme Court

Bureau of Alcohol Tobacco Firearms and Explosives

California Attorney General's Office

California Department of Justice

Delaware Court of Chancery

Equal Employment Opportunity Commission

Federal Aviation Administration

Federal Bureau of Investigation

Federal Emergency Management Agency

Federal Trade Commission

Food and Drug Administration

Illinois Attorney General's Office

Illinois Department of Revenue

Pennsylvania Attorney General's Office

Texas Attorney General's Office

U.S. Attorney's Office for the District of Massachusetts

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. Department of Labor

U.S. Department of the Interior

U.S. District Court for the Central District of California

U.S. District Court for the District of Massachusetts

U.S. District Court for the District of Oregon

U.S. District Court for the Eastern District of New York

U.S. District Court for the Northern District of California

U.S. District Court for the Northern District of Illinois

U.S. District Court for the Southern District of New York

U.S. Securities and Exchange Commission

U.S. Supreme Court

UK High Court

Wage and Hour Division